I keep thinking we need monero insurance (life, health, auto, etc) where premiums are paid in monero and benifits are only paid out in monero. What services do you think we need?

      • jet@hackertalks.com
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        1 year ago

        Yes. So this engineering service can certainly negotiate with vendors to accept Monero directly and cut out any credit card fees.

  • xmr_unlimited@monero.town
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    1 year ago

    General esctow service to allow trustless transactions (goods and setvices) via multisig. Want to trade a physical game or goods for another between imternet randomes? Do an escrow. Many use cases…

    Easy way for youtubers etc to accept donations. Everyone is bloody using patreon.

    Xmrbate

  • crab@monero.town
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    1 year ago

    I don’t think anything is “needed.” Monero is a currency, ideally it will be used for everything a currency is used for.

    • shortwavesurfer@monero.townOP
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      1 year ago

      Right, but as of now, we are missing a lot of things like maybe Monero trucking or shipping of some sort, perhaps.

      • Uncle Iroh ☑️@merovingian.club
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        1 year ago

        @shortwavesurfer @crab

        This absolutely.

        Physical off-ramp services like delivery, PO Boxes, lockers, etc… are a weak link right now.

        Sure, you can buy giftcards for mostly everything, but if you’re buying a physical product, then between the giftcard broker, store and delivery service, your transactions are easily tied to your real identity and location.

  • Giffbro@monero.town
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    1 year ago

    I think we need a monero based encyclapedia. Like a wiki fork where instead of a wikimedia foundation, a company being created to manage the software stack, lies a decentralized XMR network powered encyclopedia engine.

  • itsmect@monero.town
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    1 year ago

    Not really sure if insurances are a great use case as they always involve your personal info and only make sense in a legal framework surrounding it.

    • shortwavesurfer@monero.townOP
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      1 year ago

      But at its core insurance is to protect from a major loss by paying a small ammount. You could probably do it with very little personal info if you were willing to forego any personalization discounts. As it is you have to convert to fiat to pay it.

      • itsmect@monero.town
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        1 year ago

        Payouts cut into the profit margins, so insurance companies will pay as little as they can get a way with legally. When paid anon in monero, it’s even easier for them to take the money and run (or operate as a ponzi scheme or whatever else).

        On the other hand the insurance company must ensure that their customers claims are correct, so that they do not get scammed. I’d assume they demand proof, which does require a lot of personal info.

        • shortwavesurfer@monero.townOP
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          1 year ago

          Hmmm, true. I would expect that insurance of some sort would have to exist, though, because otherwise people would be on the hook themselves for extremely expensive things like cancer treatment or a car accident, and Lord knows the majority of people do not have the kind of money to cover something like that.

  • tusker@monero.town
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    1 year ago

    Insurance is a scam. You are better off saving and investing 50-80% of your earnings and you will be OK no matter what comes up. Plus you will be able to retire early.

    • shortwavesurfer@monero.townOP
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      1 year ago

      Yes, but that also assumes that most people are smart enough to do that. Have you seen the way some people financially plan? Most people could not afford, say, cancer treatment by themselves, no matter what.

      • tusker@monero.town
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        1 year ago

        Yes, it does take some effort on your part if you wish to be come independent and prepared.

        As for cancer, it can be easily prevented as it is a disease caused by deficiency in an essential compound (vitamin B-17) which most people do not ingest. More info: https://monero.town/post/1263720

        Just like the disease scurvy was just a simple deficiency in vitamin C but the experts were baffled for hundreds of years even though the solution was already known by many people.

        • shortwavesurfer@monero.townOP
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          1 year ago

          To be fair, I was only using cancer as an example, but medical expenses, car crashes, big things like that, that would ruin a person. Your house burning down could be any number of things.

          • tusker@monero.town
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            1 year ago

            Yes, but you cannot spend your whole existence just worrying about what might happen. It is better to plan in a way where the wealth will end up in your hands if nothing happens instead of the insurance company.

            Medical expenses are not that bad if you know what you are doing. They cannot refuse care, so once you are patched up and you get the 100x overpriced bill you let them know what you are willing to pay and you can negotiate it down to a fair price. Since they do not tell you the cost up front that means it is up for negotiation. If they refuse to be reasonable then you just don’t pay it. It works, I have done it.

            Now with the advent of crypto your wealth is untouchable by the main mafias so leverage is on your side in negotiations.

            • shortwavesurfer@monero.townOP
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              1 year ago

              Eh, i see your point But I think we’re going to have to agree to disagree on this one. Most people are quite financially irresponsible, and I would not want to be in a situation where i am reliant on somebody else to make me whole. In a car crash, for example, if I am not the one at fault, and they don’t have any kind of insurance, then it’s up to me to replace my car, pay my medical bills, etc.

              • tusker@monero.town
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                1 year ago

                What I am saying is that if you plan responsibly and understand how the system works you will have enough wealth to cover you in any situation.

                If you are a wage slave, don’t know anything about contract law, and have $300 in your bank account then yes you need insurance.

                • shortwavesurfer@monero.townOP
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                  1 year ago

                  And how many people do you know that “plan responsibly”, are not " wage slaves", and understand contract law? Because personally, I cannot name a single person that would fit that category in my entire life.

          • tusker@monero.town
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            1 year ago

            FDA also approved poison injections a couple years ago, so… The FDA is there to protect big pharma profits, no cancer, no profits, simple.

            FDA approved drugs cause millions of deaths yearly, why not banned yet?

            • Mr_Blott@lemmy.world
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              1 year ago

              Phew, financial advice from someone who believes cancer is “easily preventable”

              Thank goodness I was kicked in the head by a horse this morning

            • betz24@lemmynsfw.com
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              1 year ago

              Are you taking these B-17 supplements daily? I’m just as much as a cynical person as the next guy, especially when it would comes to the pharmaceutical industry, but since cancer affects all life on this earth, I think there is a little more nuance. The cynicism in me says that this B-17 vitamin is being pushed by ‘big supplement’, the other side of the coin trying to sell products to consumers and corralling vitriol for modern medicine.

              ‘Natural’ and Modern medicine can coexist, they both can work and you can also trust neither. As a recipient of the ‘poison injection’ you are talking about, I am feeling fine so far.

              • tusker@monero.town
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                1 year ago

                No, I do not take B17, my diet contains food that has it. A high quality source is available here: https://rncstore.com for anyone that is looking.

                Modern medicine is useful if you have an injury and need emergency care. For degenerative diseases all it can offer is symptom control at the expense of toxifying your body and most likely triggering more serious illness later in life.

                Not all people who have been injected with the juice will suffer, there are many factors involved. The point is that the injections were 100% useless and most likely harmful.

  • tygerprints@kbin.social
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    1 year ago

    What is “monero?” That’s a term I haven’t heard before. But it sounds good to me - I guess?

      • tygerprints@kbin.social
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        1 year ago

        Thanks for the info. I’m not up on cryptocurrency terms (obviously) but if it can work then it sounds great to me.

        • itsmect@monero.town
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          1 year ago

          It really is great for everything online. For example this lemmy instance is 100% donation funded and hosted on a provider that accepts monero.

          • tygerprints@kbin.social
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            1 year ago

            My only concern with monero (or any cryptocurrency) is, who is backing it with some sort of reserve assets. If it’s not government backed then who or what is in place to guarantee it.

            • itsmect@monero.town
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              1 year ago

              No one guarantees the dollar value, but if you think about it no one guarantees the price for other things either. Other currencies, gold, silver, commodities - everything has some volatility. Gold is valuable because it is rare, does not deteriorate and all pure gold is equal. Industrial use exists of course, but it is minor in the grand scheme of things. Good crypto can have similar properties as gold, with the added benefit of being usable even for small amounts. I’d strongly advice against trading and speculating on a higher dollar value, but topping of a wallet with a few dollars worth for spending can be very useful.

              • tygerprints@kbin.social
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                1 year ago

                I’d still like to have a room full of gold bars in any case. But thanks for the information, it’s very appreciated!